\begin{tabular}{l*{3}{c}}
\toprule
            &\multicolumn{3}{c}{ $ D\_{t+1}$ }      \\\cmidrule(lr){2-4}
            &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}\\
\midrule
D           &       0.530&       0.337&       0.389\\
            &     (0.058)&     (0.069)&     (0.064)\\
M           &            &       0.262&       0.182\\
            &            &     (0.050)&     (0.048)\\
\midrule
Time-FE     &          No&          No&         Yes\\
N           &         887&         887&         887\\
\bottomrule
\end{tabular}
